THE NEW BUHARI CURRENCY LAWS IN NIGERIA
Dear all, THE NEW BUHARI CURRENCY LAWS IN NIGERIA Be aware of the law that exists currently on currency! CBN has banned US$ Domiciliary accounts in Nigeria. Aug 7, 2015; .......... 1. BTA is reduced from $10,000 to US$1500 for personal trip, $2500 for business trip with provision of visa and passport for proof before CBN will approve such BTA in US$ cash. 2. Till further notice, Bureau De Change is dead in Nigeria! Nobody goes around looking for US dollars again? For what? 3.The ban was intentional to hit those politicians with large sum of US$ sitting in the bank account in Nigeria and to strengthen Naira. 4. If you want anyone to wire money (Naira or dollars) to you abroad from Nigeria, for you to receive US$ in your bank account abroad, the sender must fill a form called "form A" at Nigerian bank that will require CBN approval for money in US$ for school fees, medical expenses, house mortgage abroad only to be permitted. Any other reasons, not permitted till ...